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Form Energy
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Developer of an iron-air battery capable of delivering long-duration energy storage for 100 hours to replace existing baseload generation

Founded in 2015
Founded in

Company type Private Public ()
Company type

Industry Group energy & power

Sector energy storage

TRL Range 4-6
TRL 1 Basic research
TRL 2 Technology formulation
TRL 3 Applied research
TRL 4 Small scale prototype
TRL 5 Large scale prototype
TRL 6 Prototype system
TRL 7 Demonstration system
TRL 8 First of a kind commercial system
TRL 9 Full commercial application
TRL Range

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Headquarters Boston, MA Boston, United States
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Updated by at on 01/02/2025

Edited by Cleantech Group on 01/02/2025

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Date Company
02/10/2022

Georgia Power Georgia Power

Georgia Power will install an iron-air battery from Form Energy to provide long-duration energy storage.

Confirmed by Georgia Power

Partnerships
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Date Partner Type
01/26/2023
Xcel Energy Xcel Energy
Agreement to deploy 100 hour iron air batteries at retiring coal plants in Minnesota and Colorado expected to come online in 2025.
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Confirmed by Xcel Energy
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IPO INFORMATION

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Description

Date Investors Type Amount
12/16/2024 Trinity Capital Investment Trinity Capital Investment (1)
Post-money valuation of
Funding will be used to support equipment financing for battery manufacturing facility in West Virginia.
Structured Debt $50,000,000
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